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in the hour. do you own these?merck,goldmansachs,biggest percentage gainers. we're looking at yields on two-year treasury note. they hit the highest level in four years as people left bonds and fear of worrying that they somehow wouldn't get their returns back and are going into stocks at the moment. traders are pricing in the possibility of a december rate hike at 58%. this is according to the fed funds futures pits. they sit around and they guess what the chances are. it was just yesterday we were in the 40s, 40%. right now we're at 58% chance. suddenly that has moved higher. now we look at individual names are rocking and rolling here. the behavior of tesla's stock at this hour is an epic indication that investors are still believers in the "iron man" of silicon valley, elon musk. look at it right now. up 10 and 3/4%. it missed estimates but electric cars are selling better than ever perking up investor ears to musks prediction for the future. here is his prediction, quote, any cars being made don't have full autonomy, not just, cruise control, but full autonomy will be lik

in the hour. do you own these? merck, goldman sachs, biggest percentage gainers. we're looking at yields on two-year treasury note. they hit the highest level in four years as people left bonds and fear of worrying that they somehow wouldn't get their returns back and are going into stocks at the moment. traders are pricing in the possibility of a december rate hike at 58%. this is according to the fed funds futures pits. they sit around and they guess what the chances are. it was just...

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packing ongains.goldmansachsupgraded the fast food chain to buy from neutral. the analyst there says that she expects wendy's four for $4 promotion to help accelerate sales growth. >> that's where mcdonald's has the mcpick two coming down the pike. >>> best buy lower an forecasting a decline in forecasts for the holiday quarter. also disappointing the consumer electronics retailer blaming weak demand for tvs, mobile devices, and cameras. >> we have dominic chu for what's in for for the usually red hot electronics category. >> best buy stock taking that hit. it is off its worst level so it has rebounded quite a bit. the chain it is america's biggest chain of electronics retailers, they report earnings that beat analyst estimates, they forecast those current sales, they are expecting to show modest decline, sales declines over the same time last year, that means holiday shopping season won't be as robust as last year. this is a concern we could see weaker sales of those smart phones, tablet computers, but best buy isn't the only one echoing some of those concerns. target there is

packing on gains. goldman sachs upgraded the fast food chain to buy from neutral. the analyst there says that she expects wendy's four for $4 promotion to help accelerate sales growth. >> that's where mcdonald's has the mcpick two coming down the pike. >>> best buy lower an forecasting a decline in forecasts for the holiday quarter. also disappointing the consumer electronics retailer blaming weak demand for tvs, mobile devices, and cameras. >> we have dominic chu for...

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wonder, mike, it was having toheargoldman'scallgetting more optimistic about emerging markets. can we see emerging markets do well with china not so much, can they do anything to be a source of strength for some of these sectors? >> i think you can make the case that just to have some kind of relief, basically they've sold off so much, underperformed for so long you don't have to have things be great for the markets themselves to do okay. if you basically said the dollar is not going to race ahead to huge new highs, maybe that's enough to have money flow back into there for a while. >> it hasn't punched through 100 yet on the dollar index. let's look back on what a week it has been. bob pisani in the middle of the action. >> it was a tough one to explain to people. i want to show the charts we showed in the last hour, the s&p 500 last two weeks this time last week we were down 3%, it was one of the worst weeks that we had seen in a long time, and now we are up 3%. that's as close to a perfect v as you are going to see. the v last week went from 16 to 20, 20 is when you start paying at

wonder, mike, it was having to hear goldman's call getting more optimistic about emerging markets. can we see emerging markets do well with china not so much, can they do anything to be a source of strength for some of these sectors? >> i think you can make the case that just to have some kind of relief, basically they've sold off so much, underperformed for so long you don't have to have things be great for the markets themselves to do okay. if you basically said the dollar is not going...

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month or so. >> everybody keeps raising their expectationsnow,goldmanwentto 190,000 today from a previously 175,000 with some of the other data that's been coming out recently. so our expectations for that number are rising today. >> expectations for everything is rising, you know, for tomorrow's numbers and i think that is definitely going to -- it will spur the fed but also you have to look at the -- the fed is looking long-term, bigger picture and i think that, you know, one month of very positive data, you know, some wage growth i think it's more important that they get wage growth if there's an acceleration in that then they may act. to me i think it might be a little early, i think -- i still think that there's probably a couple more months of positive growth, you know, i've said this from the beginning of the year, i thought it would be next year, i thought it would be the first quarter of next year, i still stick with that. >> in the meantime the market is separating the haves from the have notes, if facebook joins apple, a.m. sflon and alphabet as those that have the win

month or so. >> everybody keeps raising their expectations now, goldman went to 190,000 today from a previously 175,000 with some of the other data that's been coming out recently. so our expectations for that number are rising today. >> expectations for everything is rising, you know, for tomorrow's numbers and i think that is definitely going to -- it will spur the fed but also you have to look at the -- the fed is looking long-term, bigger picture and i think that, you know, one...

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. >> and that goes to the heart of the discussion we were having yesterday with gary cohnatgoldmansachsas well. he thinks lower will be part of the fed's verbiage going forward. they will leave open the possibility after moving rates up they go back down again. i wonder how much this number in today's job report changes that and everybody's stance from being cautious to wondering how quickly and how steep might the fed move next year. >> i think you have to watch the data, kelly and i think the key is going to be if we start getting reports like these 250, 270, a lot of people said today was a snap back from two weak months the more likely trend is in that 180 to 190 range. that should bring down the unemployment rate but at some point the fed is going to get cold feet if it sees the unemployment rate go down to 4, 4.5%. >> one last thing. the first thing i thought this morning is what if we get a revision lower on this number like we did for august after that bad september number. i mean, we still do have one more unemployment report to go before they meet in december. >> we do, but,

. >> and that goes to the heart of the discussion we were having yesterday with gary cohn at goldman sachs as well. he thinks lower will be part of the fed's verbiage going forward. they will leave open the possibility after moving rates up they go back down again. i wonder how much this number in today's job report changes that and everybody's stance from being cautious to wondering how quickly and how steep might the fed move next year. >> i think you have to watch the data, kelly...

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theseissues,goldman. idon't have feelings about it one way or another, i know he was appointed to tarp but tarp isn't something that i look at with fond memories, i guess no comment would suffice. >> last question, ben willis. what are you watching -- what's the next catalyst for this market? we're kind of drifting here. >> again, if we go back to the market of stocks we've seen incredible volatility individual names whether it was ibm yesterday or apple computer today. so those are the factors in that, but again, what we're seeing right now with flows, very significant flows into etfs, that would be healthcare, that would be the financials and the dividend plays. >> you guys like healthcare, marky? >> yes, we do. we think it's a long-term growth sector. >> it's one of the few industries or groups, if you will, that are on the plus side for the year still right now even though you see major volatility in the likes of valeant and mallinckrodt, the healthcare has still been the obamacare issue has made that entire group get paid which is why it's performed so well. >> it is more

these issues, goldman. i don't have feelings about it one way or another, i know he was appointed to tarp but tarp isn't something that i look at with fond memories, i guess no comment would suffice. >> last question, ben willis. what are you watching -- what's the next catalyst for this market? we're kind of drifting here. >> again, if we go back to the market of stocks we've seen incredible volatility individual names whether it was ibm yesterday or apple computer today. so those...

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managers can be a leading indicator ofperformance.goldmansachsactually tracks a quasi portfolio of popular hedge fund stocks, for most of this bull market it has outperformed. these are not just necessarily obscure names, a lot of them are big time stocks, but what it does mean is when you're hearing about t when they become known and huge positions of a hedge fund manager maybe a lot of that upside still in the price. >> this has been a tough period for hedge funds, that's for sure. see you next hour. >>> time for a consumer news update. let's get over to sue herrera. hi, sue. >> hi. here ask what's happening this hour. 80-year-old vincent asaro has been acquitted of charges that he helped plan the 1978 luft tan is a heist that was retold in the mafia movie good fellows. the crime family member had remained in the shadows of the $6 million robbery that was called the largest in history at that time but was charged in 2014 after his cousin came forward to implicate him. >>> the treasury department says the budget deficit rose in october but remains below its year earlier level. the

managers can be a leading indicator of performance. goldman sachs actually tracks a quasi portfolio of popular hedge fund stocks, for most of this bull market it has outperformed. these are not just necessarily obscure names, a lot of them are big time stocks, but what it does mean is when you're hearing about t when they become known and huge positions of a hedge fund manager maybe a lot of that upside still in the price. >> this has been a tough period for hedge funds, that's for sure....

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dow components after that bullish notefromgoldmansachsthis morning. apple up 2.7% today, and is the best performer among the dow components. and then the market moves even higher after fed minutes were released last hour, suggesting that december could be the time for a rate hike. i read this on the wires, kelly. all ten s&p sectors are now positive on the days you can see there. >> even energy up nearly 1%. sprint is sitting out in this rally. that stock getting hit after the company announced it will cut your bill in half if you switch carriers to sprint. it's for a limited time. it's kind of a black friday type move. we'll discuss whether the telco giant can really afford this. >> with all that going on, wireless is going to be free. >> and close at the mall, too. meanwhile, square and match are expected to price their ipos after the bell tonight. can these two companies break the -- breathe life into a struggling ipo market? i was just thinking about match, as i tweeted out a little while. i learned that match owns a dating website called plenty o fish. >> that's not even th

dow components after that bullish note from goldman sachs this morning. apple up 2.7% today, and is the best performer among the dow components. and then the market moves even higher after fed minutes were released last hour, suggesting that december could be the time for a rate hike. i read this on the wires, kelly. all ten s&p sectors are now positive on the days you can see there. >> even energy up nearly 1%. sprint is sitting out in this rally. that stock getting hit after the...

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is it. but you are saying maybe not. >> maybe not. hey look, davidatgoldmansachswas correct this year saying it was a flat year. he's also saying next year might be a flat year. and we have high valuations, relatively high valuations and currents underneath it. but if there is no recession, you rarely get a bear market or a lasting one. >> do you think you will see this rotation from growth into value. >> that is the big question. that is the interesting one. people say, hey, it is a narrow market, only the growth stuff is working. exactly. so the bear market already happened in industrial stocks and other things like energy so maybe you could have those guys come back to the fore. >> that might help. because we were talking to adam parker who said it is the new economy stocks that continue to power us forward. and that is what we've seen. >> i think adam is talking to portfolio managers that need a bench mark. if you are hunting for bench market beating stuff, don't go into the beaten up stuff. >> because it hasn't worked. i'm a portfolio manager. >> can tell you firsthand.

is it. but you are saying maybe not. >> maybe not. hey look, david at goldman sachs was correct this year saying it was a flat year. he's also saying next year might be a flat year. and we have high valuations, relatively high valuations and currents underneath it. but if there is no recession, you rarely get a bear market or a lasting one. >> do you think you will see this rotation from growth into value. >> that is the big question. that is the interesting one. people say,...

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items this holiday season and what that means for the retail bottom line. >>meanwhile,goldmansachstop economist will join us on a first on cnbc to talk about how many rate hikes evening will come the next year and whether he sees a global turn around. >> if you're betting on a global turn around we will tell you which beaten down stocks could go from zero to hero next year and tell you whether facebook and netflix could flat line. we will have mike santoli on that coming up. >> plus the new reports says wells fargo sales practices are under investigation. we will bring you the details ahead on the "closing bell." >> let's start with this cyber monday story. courtney reagan is at one of amazon's largest fulfillment centers in the whole country where i hear it's kind of loud. what are you seeing there? >> i'm actually standing right underneath a conveyor belt but it has a very busy day here at amazon if you will i willment center in new jersey. last year cyber monday was amazon's peak shopping day for the year with more than 43 million items sent out worldwide and the online ba home

items this holiday season and what that means for the retail bottom line. >> meanwhile, goldman sachs top economist will join us on a first on cnbc to talk about how many rate hikes evening will come the next year and whether he sees a global turn around. >> if you're betting on a global turn around we will tell you which beaten down stocks could go from zero to hero next year and tell you whether facebook and netflix could flat line. we will have mike santoli on that coming up....

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-millionaire, but he did know he was thirsty. joining us now issethgoldman, co-founderof honest tea. you didn't like any of the sugary stuff on the market at the time, right? >> that's it. i was just thirsty. there just wasn't anything out there that didn't have either 100 calories per eight-ounce serving or no calories and i thought there should be. >> well, necessity is the mother of invention, they say. what does the marketplace need today? >> well, we got bought by coca-cola in 2011. we've seen this incredible expansion. our tea is sold in 100,000 outlets. just this year we launched in wendy's and chick-fil-a with our products. it's exciting to see this across all different outlets across the country. >> it's funny you mention those fast-food chains. we talk about the obsession of improving the health of the food that they're eating. is it just not as pressing anymore, seth? >> absolutely not. i think you're seeing an acceleration. the challenge is that this has been adopted by so many other retailers. our growth this year alone is more than our total sales were in 2009. so we a

-millionaire, but he did know he was thirsty. joining us now is seth goldman, co-founder of honest tea. you didn't like any of the sugary stuff on the market at the time, right? >> that's it. i was just thirsty. there just wasn't anything out there that didn't have either 100 calories per eight-ounce serving or no calories and i thought there should be. >> well, necessity is the mother of invention, they say. what does the marketplace need today? >> well, we got bought by...

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goldmansachshave already changed their expectation. they had expected 175,000 jobs, they have changed that now to 190,000 jobs. we shall see. in the meantime, take a look at the markets. the only thing in the green, transports up about 21 points, but the s&p down only five. a lot of indecision here as the dow has crossed the unchanged line 45 times so far today. up/down, up/down. what is dragging stocks down? the laggards today, energy and utilities but not by a lot. so once again, that indecisiveness. it's not a surprise if you don't see a huge change in your portfolio, but if you own financial stocks, they look pretty good. among the best performers of the day, lots of green on that screen. we begin, you know, i couldn't even print all of it, i didn't want to kill trees pause it's 2,000 -- because it's 2,000 pages, 240-plus trade tariffs have vaporized among 12 nations including the u.s., japan and australia. take a look at what's rolling to the left of me. we wanted to put on our screen just a handful of the 18,000 tariffs on just u.s. exports that would be eliminated under

goldman sachs have already changed their expectation. they had expected 175,000 jobs, they have changed that now to 190,000 jobs. we shall see. in the meantime, take a look at the markets. the only thing in the green, transports up about 21 points, but the s&p down only five. a lot of indecision here as the dow has crossed the unchanged line 45 times so far today. up/down, up/down. what is dragging stocks down? the laggards today, energy and utilities but not by a lot. so once again, that...